Mike Burk's seasonality supports potential for a rally early next week, but more trouble to follow
The market is oversold and as mentioned above, new lows declined considerably as the indices fell to a new cycle lows. The decrease in the number of new lows suggests a good likelihood for a short term rally early next week.
Average returns for the coming week have been mixed and weaker during the 2nd year of the Presidential Cycle than other years.
Edited by Rogerdodger, 30 April 2022 - 12:16 PM.